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Tag Archives: financials

FHA’s New Plan Means More Credit Available to Borrowers

The Federal Housing Agency is taking steps to expand access to mortgage credit for underserved borrowers. Department of Housing and Urban Development Secretary Shaun Donovan told a gathering of the National Association on Realtors May 13 that lending to potential …

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Say Goodbye to Credit Card Swipes and Signatures

Starting October 2015, MasterCard and Visa will usher in a major change in the U.S. credit card industry.  Credit cards will have microchips in them.  Consumers will use PIN numbers instead of signing credit card receipts.  And consumers will insert …

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Is Sear’s “Transition” Plan Working?

“Sears is undergoing a significant transformation, and we fundamentally are changing the way we do business,” says Edward S. Lampert, Sears Holdings’ chairman and CEO in a company release. “Our performance in the first quarter highlights the challenges we are facing …

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Group Recommends Federal Incentives For State Building Code Improvements

Federal disaster policy should shift focus toward mitigation in order to reduce future disaster costs, the National Association of Mutual Insurance Companies says. The industry group recommends that the federal government create incentives for states to adopt and enforce strong …

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New Home Loan Rates Remain Stable

The average characteristics of conventional mortgages used to buy newly built homes were little changed in April, according to data released earlier today by the Federal Housing Finance Agency (FHFA).  The average contract interest rate declined a scant 2 basis points to 4.19 percent, while …

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Buyers Looking For Improvements That Cut Utility Costs

Going green is good for the environment, but it can also be good for a homeowner’s wallet – and that’s the aspect of eco-friendly improvements that seems most appealing to homebuyers. More than 80 percent of buyers said they would …

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Slow and Steady: Lowe’s Releases Q1 Results

Lowe's Canada

Lowe’s reported net earnings of $624 million for the quarter ended May 2, 2014, a 15.6 percent increase over the same period a year ago. Diluted earnings per share increased 24.5 percent to $0.61 from $0.49 in the first quarter …

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Home Depot Q1 Results: Up, Lower Than Expected

Home Depot’s fiscal first-quarter net income jumped 12 percent as a key sales metric improved despite a slow start to the spring selling season due to bad weather but the company still missed both adjusted earnings and revenue expectations. The company reported first …

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